Since early this year, the Vietnamese seafood sector has seen its growth at a five-year record low. By the end of July, seafood exports only reached US$2.16 billion, down by nearly 9.5 percent. Seafood exports continue to slump Tran Ngoc Yen from the Information Centre for Agriculture and Rural Development (Agroinfo) said that the global economic downturn has resulted in a sharp fall in seafood exports. In the first half of this year, turnover fell by 8.6 percent for filleted fish and by 7.6 percent for shrimps and crabs compared to the same period last year. Therefore, earnings during the reviewed period dropped by 8.1 percent compared to the corresponding period last year. According to Agroinfo, there has been a sharp decline in orders from large markets such as Russia, Italy and the Netherlands, over the last seven months while the US and China’s seafood imports have soared by 16 percent and 79 percent, respectively. Despite being the country’s top export … [Read more...] about Seafood sector hits snags
The Vietnam Association of Seafood Exporters and Producers VASEP, has asked for tax incentives to pave the way to import seafood materials for domestic processing. However, the proposal has not been applauded by farmers, who think that Vietnam has become more heavily relied on imports. In the first 10 months of the year, Vietnam's seafood export turnover reached 5 billion dollars, an increase of 22 percent in comparison with the same period of the last year. It is highly possible that the export turnover would reach the record level of 6 billion dollars by the end of the year. However, the worrying thing is that in order to obtain higher exports, Vietnam needs to import much more materials. Material imports on the rise According the General Department of Customs, the seafood material imports in the first 10 months of the year was half as much again the imports in the same period of the last year--about 417 million dollars. Materials were imported from 70 countries and … [Read more...] about Vietnam’s seafood exports depend heavier on material imports
Seafood companies complain that they cannot find enough materials to fulfill the export contracts signed with foreign partners. They have fallen into their own trap.No materials to process Nguyen Van Ky, General Director of Agifish An Giang, said that foreign partners want to place orders for the deliveries until mid 2012, but he has to refuse a lot of orders because of the lack of materials. Other seafood processing companies are also moving heaven and earth to collect materials which are getting depleted. The Vietnam Association of Seafood Exporters and Producers (VASEP) has warned that the material shortage will last until the end of 2012. The Ministry of Agriculture and Rural Development (MARD) has reported that just over the last few years, 30 percent of the tra fish farming area in Mekong Delta has been eliminated, because people now use the area for growing rice or farming other aquatic species. The figure is 50 percent in some localities. Since mid September 2011, … [Read more...] about Seafood processing workshops lack materials, who’s to blame?
While Chinese ships obstruct Vietnamese fishing at sea, Chinese businesses try to collect the seafood caught by Vietnamese fishermen. Since seafood gets depleted and fishing has been interrupted, seafood processing companies have to compete fiercely with each other to buy seafood. Meanwhile, Chinese businessmen have triggered an unhealthy competition to scramble for seafood from Vietnamese companies. Putting pressure both at sea and ashore According to Nguyen Thi Thu Sac, Deputy Chair of the Vietnam Association of Seafood Exporters and Producers (VASEP), many Vietnamese fishermen, due to the Chinese recent actions at the East Sea, dare not go out to the sea. The ships, which still go fishing these days, regularly meet Chinese businessmen who try to collect seafood right at sea. Meanwhile, on land, Chinese businessmen try to scramble with Vietnamese companies for purchasing seafood. Nguyen Diem, Director of the Da Nang-based Procimex, said that in order to compete with … [Read more...] about Chinese businessmen scrambling for seafood materials
Chinese businessmen are flocking to Vietnam to collect seafood materials right at the Vietnamese ports as if they are on the home market. Vietnamese fishermen are happy because they can sell seafood at good prices to Chinese businessmen. But no one can say for sure what will happen in the future. At Vinh Luong fishing port, a small port of Nha Trang City in Khanh Hoa province, though the sea is choppy these days, there are still some 30 fishing boats coming in and out every day. When Saigon tiep thi's reporters came, they could see crowds on the quay, where some 10 Chinese merchants, who checked the product samples and negotiated about the prices with Vietnamese fishermen. Lin Suo Qiang, 40, a Chinese merchant, thoroughly considered every basket of fish and talked to Vietnamese women in Vietnamese. He said that he has been doing business in Vietnam for the last several years. "Vietnamese seafood products are diversified. The quality is not the most important thing. The … [Read more...] about Chinese rush to collect Vietnam’s seafood, and what’s next?